2016-08-19bloomberg.com

Greenspan repeated his previously-voiced concern that the U.S. economy was headed toward a period of stagflation -- stagnant growth coupled with elevated inflation... "The very early stages are becoming evident," with unit labor costs beginning to rise and money supply growth starting to accelerate, he said.

...

"I cannot perceive that we can maintain these levels of interest rates for very much longer," he told former Securities and Exchange Commission Chairman Arthur Levitt in a Bloomberg Radio interview to be aired this weekend and next.



Comments: Be the first to add a comment

add a comment | go to forum thread